SAN DIEGO, Calif., Nov. 22, 2022 (GLOBE NEWSWIRE) — GBT Technologies Inc. (OTC PINK: GTCH) (“GBT” or the “Company”) is evaluating the implementation of its intelligent financial management and database technologies to social media applications. GBT’s AI-driven credit card management systems can be an efficient candidate to be used within entertainment and social media applications due to its financial benefit characteristics. The technology consists of an intelligent system to analyze and process credit cards in the most advantageous way for its user. Transactions are monitored, traced and protected by an artificial intelligence engine to ensure efficiency, maximum financial benefit to the user and future planning.
The technology will be evaluated within web and mobile applications that are based on GBT’s proprietary database management method and is specifically tailored for social media applications. GBT’s proprietary database management methods are designed to ensure superior cybersecurity measures for valued web and mobile applications. The financial transactions of the application will be supervised according to their characteristics, the user’s best interest and credit lines. GBT plans to evaluate its patented database management system to implement a blockchain operation, aiming to create a robust cybersecurity measure. GBT database sharing is designed to protect against data theft and ensure user privacy. GBT plans to evaluate the use of tokens, coins and other financial means of common multimedia applications to work in conjunction with its technology. GBT aims to value its intelligent financial system as an efficient and highly secure monetary assistant within social and entertainment mobile and web applications that ensures the user’s best interest with robust security.
“In today’s world of social media and entertainment, financial transactions are an integral part of our daily operations. Whether it’s placing an electronic ad, purchasing digital tokens or buying a work of art, we carry out entertainment-related financial transactions on a daily basis. There are numerous credit card, banking, and other monetary transactions being performed within mobile and web applications, every second, around the world. We decided to evaluate our financial intelligent IP and database management technologies with the aim of creating an efficient and highly secure monetary system specifically tailored for social media and entertainment applications. We plan to evaluate these technologies in a broad range of applications, including high-resolution graphics, gaming and media. Our AI-controlled financial transaction management system aims to automatically assist users in monetary and security decisions by monitoring user accounts and selecting the best debit choice based on the characteristics of the transaction at that moment .
The system will learn the user’s financial transaction pattern and credit lines characteristics and classify them according to their financial attributes. When it becomes necessary to carry out a transaction, the system will select the best card, bank account or other monetary method to use based on its rank, guaranteeing the user’s best financial interest. Our patented database sharing and management system will ensure a solid level of cyber security via blockchain and segmentation techniques. GBT’s Artificial Intelligence technology is intended to be used to supercharge the entire system ensuring fast performance and robust security. The purpose of our evaluation is to evaluate the implementation of our financial and database technologies, to create a personal and secure financial system, especially designed for social media and entertainment with the aim of offering the best choice of method of payment, fast and highly secure,” said Danny Rittman, CTO of GBT.
There is no guarantee that the Company will be successful in the research, development or implementation of this system or that the patent (or any prior provisional patent) will be granted to it. To successfully implement this system, the Company will need to raise adequate capital to support its research and, if successfully researched, developed and approved, the Company will need to enter into a strategic relationship with a third party who has expertise in manufacturing, sales and distribution of this product. There is no guarantee that the Company will be successful in any or all of these critical steps.
Who we are
GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) (http://gbtti.com) is a growth stage company that considers itself to be a native of the Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile technology platforms used to increase the performance of integrated circuits. GBT has assembled a team with extensive technology experience and is building an intellectual property portfolio consisting of many patents. GBT’s mission, to license technology and IP to synergistic partners in the hardware and software industries. Once commercialized, GBT’s goal is to have a product suite including smart microchips, artificial intelligence, cryptography, Blockchain, integrated circuit design, mobile security applications, database management protocols, with monitoring and support of the cloud software (no need for GPS). GBT envisions this system as the creation of a global mesh network using advanced nodes and super-performance next-generation IC technology. The heart of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT’s vision is to produce this system as a low-cost, secure, private mesh network between all enabled devices, thus providing shared computing, advanced mobile database management, and sharing while using these advanced mobile features as an alternative to traditional carrier services.
Certain statements contained in this press release may constitute “forward-looking statements”. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statements that are not directly related to current or historical facts. Actual results may differ materially from those indicated by such forward-looking statements due to various important factors as disclosed in our filings with the Securities and Exchange Commission located on their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes and results may differ materially due to more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, changes in public and governmental policy, the Company’s ability to raise capital on acceptable terms, if at all, the success of the Company’s development of its products and integration into its existing products, and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the views of the Company as of the date of this press release, and those views could change. However, while the Company may choose to update these forward-looking statements in the future, the Company expressly disclaims any obligation to do so. These forward-looking statements should not be relied upon to represent the views of the Company as of any date subsequent to the date of the press release.
Dr. Danny Rittman, CTO